Step App shuts down operations after four years, services end August 21

Step App, the move-to-earn fitness platform built on Avalanche, is pulling the plug. All services will cease on August 21, ending a nearly four-year run that once promised to turn your morning jog into a passive income stream.

What Step App built, and what it leaves behind

Step App went live on mainnet in December 2022, following token sales earlier that year. The platform managed to attract over 300,000 users spread across more than 100 countries. Collectively, those users tracked over 140 billion steps.

Two tokens powered the ecosystem. FITFI functioned as the governance and utility token, giving holders a say in protocol decisions and access to platform features. KCAL operated within a wellness marketplace, creating what was supposed to be a self-sustaining economy around healthy habits.

What this means for token holders and the broader market

Holders of FITFI and KCAL are staring down a countdown clock. With services ending August 21, the utility backing both tokens evaporates on that date. Governance rights in a protocol that no longer exists aren’t worth much. Marketplace tokens for a marketplace that’s closing aren’t worth anything.

The 300,000 users who laced up their sneakers and tracked those 140 billion steps got their exercise. Whether they got adequate financial returns is a different story entirely.

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